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Gold/Mining/Energy : Gendis TSE:GDS.A

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To: SAM-DAN who wrote (61)	4/29/1999 8:14:00 PM
From: Robert Salasidis	Read Replies (1) of 81

I agree, although I tend to discount either their PXD holding or the Fort Chicago holding at the current levels to make up for some of their debt. In the end, the break up value of the company is still higher than the current value. I have Fort Chicago on my watch list, and follow it daily. It has been stuck at 7$ now for a while. If all goes well and the pipeline comes on line on schedule, the 1$/share in revenue it generates should help pay in paying off the debt quite quickly. As far as the Tundra deal, I believe the market is considering this as a lost cause, so any +ve news could move the stock.

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